Friday, 24 July 2009

Because they're worth it

What the Government - via the support of UKFI - will provide to Stephen Hester at RBS as a cash allowance in lieu of a pension - 35% of salary*.

What the Government will require employers to contribute to Personal Accounts (the new quasi-compulsory DC pension scheme) for their employees after 2012 - 3% of salary.

* Taken from yesterday's LC&P report.

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